Gas prices slightly decrease in Peoria area

Local News

PEORIA, Ill. — Peoria gas prices have fallen 5.7 cents per gallon in the past week, averaging $2.93/g Monday, according to GasBuddy’s daily survey.

Gas prices in Peoria are 27.5 cents per gallon higher than a month ago, yet stand 15.5 cents per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in Peoria is priced at $2.79/g Monday, while the most expensive is $3.09/g, a difference of 30.0 cents per gallon. The lowest price in the state is $2.52/g while the highest is $3.89/g, a difference of $1.37/g.

“Average U.S. gas prices drifted lower this week as oil’s downturn has picked up steam thanks to a smaller than expected decline in U.S. oil inventories and concerns remain over the strength of the U.S. economy,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “Motorists will likely face a mixed bag at the pump in the week ahead.”

The cheapest price in the entire country stands at $2.06/g while the most expensive is $5.49/g, a difference of $3.43/g.

The national average price of gasoline has fallen 3.5 cents per gallon in the last week, averaging $2.76/g. The national average is up 10.9 cents per gallon from a month ago.

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